Spreadex Market Update
FTSE can’t quite maintain 14 month high on deathly dull Monday morning
Now up a mere 0.2% the FTSE couldn’t quite keep at its 14 month highs, instead settling back at 6800 despite a rather robust set of gains from its mining and banking sectors. It seems that BP and Shell might be playing a part in tempering the UK index’s growth, the oil giants falling 0.4% and 0.2% respectively as Brent Crude continues to trade below $45 per barrel (even if it has jumped over 1% since the day began).
The Eurozone was far more consistent with its gains this Monday, in part thanks to a better than forecast region-wide consumer sentiment figure from Sentix. The DAX, still benefiting from an industrial production rebound in Germany, maintained its 0.9% rise, while the CAC kept up its half a percent climb.
Looking ahead to the US open and those hoping for an injection of excitement will likely be left wanting. The Dow Jones futures are pointing to an uninspiring 0.1% increase after the bell; that does, however, keep the US index above 18550, only around 100 points away from the all-time highs struck back in July.
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